Slide 1: AYGAZ Q1 2016 Results
AYGAZ Q1 2016 Results May 5th, 2016
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements that reflect the company management’s current views with respect to certain future events. Although it is believed that the expectations reflected in these statements are reasonable, they may be affected by a variety of variables and c
Slide 3: Highlights- Q1 2016 (Operational)
Highlights- Q1 2016 Operational; In Q1 of 2016; Domestic LPG sales is 258 thousand tons (+6% YoY) Total LPG sales is 469 thousand tons (-3% YoY) Total trading volume is 211 thousand tons (-12% YoY) As of January 2016 Aygaz cylinder and autogas market shares were 42% and 25% respectively. (
Slide 4: Highlights- Q1 2016 (Financial)
Highlights- Q1 2016 Financial; Revenue is 1,525 million TL ( 6% YoY) Operating profit is 66 million TL (68% YoY) EBITDA is 88 million TL (44% YoY) Net profit is 65 million TL (23% YoY) Revenue increased in line with the rise in domestic sales volume. Operating profit improved with the
Slide 5: Aygaz LPG Sales
Aygaz LPG Sales 700 600 581 501 492 483 469 500 241 400 213 210 239 211 (000) ton 300 200 239 191 190 171 157 100 8 7 8 9 9 78 89 94 83 78 0 cylinder bulk auto other Q1 sales volumes were realized as 171 thousand tons in Autogas (+9.4% YoY) 78 thousand tons in Cylinder Gas (+0.2% YoY) EMRA , A
Slide 6: LPG- price and tax
LPG- price and tax* 7.000 6.000 5.000 Average listed selling TL/ton 4.000 3.000 price for cylinder gas 2.000 1.000 increased by 3% and 0 auto gas stayed the same. (YoY) cylinder selling price autogas selling price 2.500 Refinery prices 2.000 decreased by 9% and 1.500 6% in cylinder gas and TL/to
Slide 7: Net Sales (m TL)
Net Sales (m TL) 1.851 1.606 1.523 1.525 1.440 Consolidated Sales Revenues is reported as 1,525 million TL (6% YoY) 5 ‹#›
Slide 8: Gross Profit (m TL)
Gross Profit (m TL) 14,0% 200 12 % 12 % 180 12,0% 11 % 10 % 160 10 % 10,0% 140 120 8,0% 100 6,0% 181 175 162 187 80 146 4,0% 60 40 2,0% 20 0,0% 0 Gross profit Gross profit margin Gross Profit is realized as 175 million TL (20% YoY) Gross Profit Margin is 12% 6 ‹#›
Slide 9: Operating Profit (m TL)
Operating Profit (m TL) 100 %7 90 6% %6 80 70 4% %5 60 4% %4 3% 50 3% 95 %3 40 30 60 66 56 %2 20 39 %1 10 0 %0 Operating profit Operating profit margin In Q1 2016, Operating Profit is 46 million TL (68% YoY) OP Margin is 4% up by 1 point YoY 7 ‹#›
Slide 10: Net Profit (m TL)
Net Profit (m TL) 250 9% %10 %9 200 7% %8 6% %7 150 %6 4% %5 4% 100 %4 146 %3 50 107 113 %2 53 65 %1 0 %0 Net Profit Net profit margin Net Profit is 65 million TL (23% YoY) Net Profit Margin is 4 % 8 ‹#›
Slide 11: EBITDA (m TL)
EBITDA (m TL) 140 %8 7% 120 %7 6% %6 100 5% 4% 4% %5 80 %4 60 116 %3 40 82 88 78 %2 61 20 %1 0 %0 EBITDA EBITDA margin In Q1 2016, EBITDA is 88 million TL (44% YoY) , EBITDA Margin is 6% 9 ‹#›
Slide 12: Net Cash (m TL)
Net Cash (m TL) -218 -263 -283 -297 -349 Net debt position is 218 million TL as of 31 March 2016. Net debt decreased due to better operating profit. 10 ‹#›
Slide 13: Income Statement- Summary
Income Statement- Summary (million TL) Q1 16 Q4 15 Change % Q1 16 Q1 15 Change % Revenues 1,525 1,606 -5% 1,525 1,440 %6 Gross Profit 175 187 -7% 175 146 %20 Operating Profit 66 95 -30% 66 39 %68 Profit Before Tax 75 164 -54% 75 59 %26 Net Profit 65 146 -55% 65 53 %23 EBITDA 88 116 -25% 88 61 %44 Ma
Slide 14: Balance Sheet-Summary
Balance Sheet-Summary (million TL) 3M 16 12M 15 Cash & Cash Eq. 390 289 Trade Receivables 478 483 Inventories 168 186 Prop.Plant&Equipment 648 651 Participations 1,894 1,867 Total Assets 4,020 3,916 Financial Debt 607 551 Trade Payables 331 372 Total Equity 2,685 2,610 Total Liabilities & Equity 4,0
Slide 15: Contacts
Contacts investor@aygaz.com.tr Ferda Erginoğlu, CFO E-mail: ferda.erginoglu@aygaz.com.tr Phone: +90 212 354 1733 Şebnem Yücel, Finance Manager E-mail: sebnem.yücel@aygaz.com.tr Phone: +90 212 354 1510 Selin Sanver, Investor Relations Manager E-mail: selin.sanver@aygaz.com.tr Phone: +90 212 354 1659